Tag: Retirement Income

FEATURE
Retirement Income Sources: Employer-Sponsored Plans (Ep.7)

Retirement Income Sources: Employer-Sponsored Plans (Ep.7)

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What are the most important things you need to know about employer-sponsored retirement plans?

In this episode, David Koren talks about employer-sponsored retirement plans, focusing on defined benefit plans and defined contribution plans. He explains how these plans work, the investment responsibility, and the options for taking money out. David also touches on the history of pension plans and the government’s role in insuring them. He also covers options for handling money in a 401(k) plan after retirement, including leaving it in the plan, rolling it into a self-directed IRA, or converting it into a stream of income.

David discusses: 

  • What defined benefit plans and defined contribution plans are
  • Where the investment responsibility is placed for each plan and what options are available for taking money out
  • Different options for handling money in a 401(k) plan after retirement or changing jobs
  • The benefits of rolling over a 401(k) into a self-directed IRA
  • The advantages of a Roth IRA and the flexibility it offers
  • And more

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FEATURE
How Much Money Do I Need To Have To Retire? (Ep. 5)

How Much Money Do I Need To Have To Retire? (Ep. 5)

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Is there a way to know if you’ve saved enough money to retire? 

Very few people actually do the work to figure out if they will have enough money, and then when it comes time to say goodbye to the 9 to 5, they find out that they don’t have enough, and panic ensues.

Let’s make sure you are prepared to retire comfortably!

In this episode, David Koren, MBA, ChFC®, CLU® talks about how to calculate the money you need to retire, the necessary steps of figuring out how much you currently spend, setting a realistic date for your retirement, and estimating potential expenses combined with inflation.

David discusses: 

  • Why you may not spend as much money in retirement as you do now
  • How to adjust your estimated “expense number” for retirement and inflation
  • The different income sources you can use to supplement your retirement savings
  • And more

Resources:

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